Get Up to $500 Before Your Next Paycheck With Chime MyPay (2024)

FAQs

Can I get an advance on my paycheck with Chime? ›

Transparent & Simple: With MyPay, Chime members can get an advance when they want so they're in control of their pay. MyPay requires no subscription fees, no tipping, no mandatory fees, no interest,³ and no credit check.

MyPay is a line of credit and available limits are based on estimated income and risk-based criteria. Eligible members may be offered a $20 - $500 Credit Limit per pay period. To be eligible for MyPay, you must receive Qualifying MyPay Direct Deposits to your Chime Checking Account as set forth in the MyPay Agreement.

If you're eligible, you'll receive an email and a notification in your Chime app inviting you to enroll in MyPay. Just tap the notification and follow the prompts to enroll.

Chime's MyPay is a line of credit that lets you get up to $500 before payday. ¹ There are no mandatory fees, no credit checks, and no interest² to get money when you need it. With MyPay, just log into your Chime app, see how much is available to you, and then choose how much you want to access.

How does Chime pay you early? Chime lets members get paid early with early direct deposit. Just set up direct deposit for your Chime Checking Account. As soon as your paycheck comes through, Chime will make the money available in your account.

Once you're set up with a Chime checking account, you'll have access to the company's other benefits. You can enroll in SpotMe, apply for a Credit Builder card, or take out an Instant Loan all within the app.

No, you cannot use your Secured Chime® Credit Builder Visa® Credit Card with no money in your secured account. To use your card, you need to have available credit to cover your purchases.

You can withdraw up to $515 a day from your Chime account using an ATM. This $515 and any fees you incur from out-of-network withdrawals count toward the $2,500 daily limit on the Chime card.

In-app chat is the best way to learn about your personal cash withdrawal limits. All Members can withdraw $500 per day at over 60k+ fee-free ATMs and up to $2,500 per day at cash back locations such as Walmart.

On Jan. 1, a new law, the California Consumer Financial Protection Law, took effect. It gives the state new authority over providers of financial products and services. (The March settlement with Chime was based on preexisting statutes.)

What time does Chime direct deposit hit today? ›

What time does direct deposit hit Chime? Direct deposits post Monday to Friday throughout the day. As a general rule of thumb, direct deposits with Chime will be in your Chime account by 9:00 a.m. EST on your typical payday.

Pay Anyone Instantly¹.

Both Chime members and non-members can get their money instantly! Non-members have up to 14 days to claim funds by entering a valid debit card.

One common way to cover expenses until the next paycheck is to borrow money that you repay with a future paycheck. Payday loans and cash advance apps both allow you to borrow money ahead of the next payday. With a payday loan, lenders charge high annual percentage rates (APRs) to borrow money.

There are two primary methods to get your paycheck early: early wage access and early direct deposit. Early wage access lets you borrow a portion of your upcoming paycheck early – for a fee. You'll find it with apps such as EarnIn, PayActiv and DailyPay.

SpotMe is available to Chime members who have activated their Chime Visa^® Debit Card or Credit Builder card and receive a qualifying direct deposit of $200 or more a month. Once you've enrolled in SpotMe, we've got your back when you overdraft your checking account by up to $200.

You can access a portion of your paycheck early or instantly,¹ and multiple times per pay period, up to your assigned limit. There is a minimum transfer limit of $20, which means your Available Now must be at least $20 to make a My Paycheck transfer request.

Paycheck advances and payday loans are small, usually $500 or less. Repayment periods are short, and both types usually automatically withdraw what you borrowed from your checking account. Neither requires a credit check.

Your Online Payday Loans Can Work With Chime

Online payday loans require a bank account so the lender can deposit the loan proceeds and collect payments. The reviewed online payday and personal loan networks work with your Chime online checking account and debit card.

There are two primary ways to get your paycheck early: early wage access and early direct deposit. Each offers a way to get your hard-earned money in your bank account sooner, but they differ in accessibility, costs and risks.